On the upside
LinkedIn (NYSE: LNKD) reported lower second quarter earnings but revenue surged to surpass analyst expectations prompting the professional networking site to lift its full year outlook.
EOG Resources (NYSE: EOG) reported higher second quarter earnings that beat expectations and lifted its full year production growth.
On the downside
Molycorp (NYSE: MCP) fell to an unexpected loss for the second quarter as expenses rose.
Zipcar (Nasdaq: ZIP) narrowed second quarter losses but the car sharing network forecast third quarter revenue that fell short of expectations.
Health Net (NYSE: HNT) reported higher second quarter earnings but the managed health care services provider lowered its full year forecast.
In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 786.